The Middletown Yacht Club
EIN: 60452643 · Chester, CT · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $263K |
| Total Expenses | $227K |
| Net Assets | $518K |
Is The Middletown Yacht Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Middletown Yacht Club
The Middletown Yacht Club (EIN: 60452643) is a nonprofit organization based in Chester, CT, classified under NTEE code N50. The organization reported total revenue of $263K and total assets of $596K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Middletown Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Middletown Yacht Club is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $265K |
| Total Expenses | $227K |
| Surplus / Deficit | +$37K |
| Total Assets | $521K |
| Total Liabilities | $3K |
| Net Assets | $518K |
| Operating Margin | 14.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 27.5 months |
Financial Health Grade: A
In 2023, The Middletown Yacht Club reported a surplus of $37K with revenue exceeding expenses, holds 27.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Middletown Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.7% | -5.6% | +8.0% |
| 2022 | +57.0% | +20.1% | +11.6% |
| 2021 | -30.5% | +15.2% | -5.1% |
| 2020 | +12.9% | -18.9% | +27.9% |
| 2019 | +14.4% | +1.4% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Middletown Yacht Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Middletown Yacht Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about The Middletown Yacht Club
Is The Middletown Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, The Middletown Yacht Club (EIN: 60452643) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Middletown Yacht Club spend its money?
Detailed spending breakdown data is not yet available for The Middletown Yacht Club. Check back for updated IRS 990 analysis.
Are donations to The Middletown Yacht Club tax-deductible?
The Middletown Yacht Club is registered as a tax-exempt nonprofit (EIN: 60452643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Middletown Yacht Club located?
The Middletown Yacht Club is headquartered in Chester, Connecticut and files with the IRS under EIN 60452643. It is classified under NTEE code N50.
How many years of IRS 990 filings does The Middletown Yacht Club have?
The Middletown Yacht Club has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $263K in total revenue.
Filing History
IRS 990 filing history for The Middletown Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Middletown Yacht Club's revenue has grown by 16%, moving from $228K to $265K. Total assets increased by 37.7% over the same period, from $378K to $521K. Total functional expenses fell by 3.3%, from $235K to $227K. In its most recent filing year (2023), The Middletown Yacht Club reported a surplus of $37K, with revenue exceeding expenses. The organization holds $3K in liabilities against $521K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $518K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $265K | $227K | $521K | $3K | — | View 990 |
| 2022 | $290K | $241K | $482K | $4K | — | View 990 |
| 2021 | $185K | $201K | $432K | $3K | — | View 990 |
| 2020 | $266K | $174K | $455K | $11K | — | View 990 |
| 2019 | $235K | $215K | $356K | $3K | — | View 990 |
| 2018 | $206K | $212K | $335K | $3K | — | View 990 |
| 2017 | $206K | $204K | $372K | $3K | — | View 990 |
| 2016 | $213K | $203K | $368K | $1K | — | View 990 |
| 2015 | $191K | $196K | $382K | $25K | — | View 990 |
| 2014 | $192K | $255K | $392K | $30K | — | View 990 |
| 2013 | $192K | $175K | $426K | $1K | — | View 990 |
| 2012 | $209K | $180K | $409K | $1K | — | View 990 |
| 2011 | $228K | $235K | $378K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $265K, expenses of $227K, and assets of $521K (revenue -8.7% year-over-year).
- 2022: Revenue of $290K, expenses of $241K, and assets of $482K (revenue +57.0% year-over-year).
- 2021: Revenue of $185K, expenses of $201K, and assets of $432K (revenue -30.5% year-over-year).
- 2020: Revenue of $266K, expenses of $174K, and assets of $455K (revenue +12.9% year-over-year).
- 2019: Revenue of $235K, expenses of $215K, and assets of $356K (revenue +14.4% year-over-year).
- 2018: Revenue of $206K, expenses of $212K, and assets of $335K (revenue -0.2% year-over-year).
- 2017: Revenue of $206K, expenses of $204K, and assets of $372K (revenue -3.0% year-over-year).
- 2016: Revenue of $213K, expenses of $203K, and assets of $368K (revenue +11.2% year-over-year).
- 2015: Revenue of $191K, expenses of $196K, and assets of $382K (revenue -0.3% year-over-year).
- 2014: Revenue of $192K, expenses of $255K, and assets of $392K (revenue -0.1% year-over-year).
- 2013: Revenue of $192K, expenses of $175K, and assets of $426K (revenue -8.2% year-over-year).
- 2012: Revenue of $209K, expenses of $180K, and assets of $409K (revenue -8.4% year-over-year).
- 2011: Revenue of $228K, expenses of $235K, and assets of $378K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Middletown Yacht Club:
Data Sources and Methodology
This transparency report for The Middletown Yacht Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.